US economy slows in Q4, GDP at 0.7% and 2.4% for all of 2015

US economic growth braked sharply towards the end of last year. Americans spent less and businesses stepped up efforts to reduce the amount of inventory they had on hand. In addition exports were hit by the strength of the dollar and weak demand worldwide. There were also further cutbacks in investment by energy firms in the face of lower oil prices. Gross domestic product increased at a 0.7 percent annual rate. That compares with a 2.0 percent gain in the previous three months. For the w… READ MORE : http://www.euronews.com/2016/01/29/us-economy-slows-in-q4-gdp-at-07-percent-and-24-percent-for-all-of-2015 euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more Subscribe for daily dose of business news: http://bit.ly/1pcHCzj Made by euronews, the most watched news channel in Europe.